51,306 Shares in Mueller Water Products, Inc. (NYSE:MWA) Bought by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new stake in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 51,306 shares of the industrial products company's stock, valued at approximately $1,113,000.

A number of other institutional investors have also modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in shares of Mueller Water Products in the 3rd quarter worth approximately $26,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Mueller Water Products in the 2nd quarter valued at approximately $72,000. National Bank of Canada FI lifted its position in shares of Mueller Water Products by 44.2% in the 2nd quarter. National Bank of Canada FI now owns 4,757 shares of the industrial products company's stock valued at $83,000 after acquiring an additional 1,457 shares in the last quarter. Quarry LP increased its stake in Mueller Water Products by 341.0% in the 2nd quarter. Quarry LP now owns 5,632 shares of the industrial products company's stock valued at $101,000 after buying an additional 4,355 shares during the period. Finally, Blue Trust Inc. increased its stake in Mueller Water Products by 434.6% in the 3rd quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company's stock valued at $106,000 after buying an additional 3,977 shares during the period. Institutional investors own 91.68% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MWA shares. StockNews.com downgraded shares of Mueller Water Products from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 30th. Oppenheimer reiterated an "outperform" rating and set a $27.00 target price (up previously from $26.00) on shares of Mueller Water Products in a research report on Friday, November 8th. TD Cowen lowered shares of Mueller Water Products from a "buy" rating to a "hold" rating and lifted their price target for the company from $19.00 to $20.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada lifted their price objective on shares of Mueller Water Products from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $22.20.

Mueller Water Products Trading Down 1.3 %

NYSE:MWA traded down $0.32 on Wednesday, reaching $25.26. 912,773 shares of the stock traded hands, compared to its average volume of 1,248,927. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. Mueller Water Products, Inc. has a 1-year low of $13.40 and a 1-year high of $26.28. The company's 50 day moving average is $23.30 and its 200-day moving average is $20.75. The company has a current ratio of 3.33, a quick ratio of 2.16 and a debt-to-equity ratio of 0.55.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Mueller Water Products had a return on equity of 19.38% and a net margin of 8.82%. The business had revenue of $348.20 million for the quarter, compared to analysts' expectations of $324.80 million. During the same period last year, the business earned $0.19 EPS. The business's revenue was up 15.5% on a year-over-year basis. Equities research analysts anticipate that Mueller Water Products, Inc. will post 1.17 EPS for the current fiscal year.

Mueller Water Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, November 8th were given a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Friday, November 8th. This is an increase from Mueller Water Products's previous quarterly dividend of $0.06. Mueller Water Products's dividend payout ratio (DPR) is 36.99%.

Insider Activity

In other news, Director Lydia W. Thomas sold 10,791 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $24.40, for a total transaction of $263,300.40. Following the completion of the transaction, the director now directly owns 136,405 shares in the company, valued at $3,328,282. This trade represents a 7.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Todd P. Helms sold 57,948 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $25.69, for a total value of $1,488,684.12. Following the sale, the senior vice president now directly owns 43,224 shares in the company, valued at $1,110,424.56. This trade represents a 57.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,295 shares of company stock worth $1,840,956. 1.40% of the stock is currently owned by insiders.

Mueller Water Products Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.